The Ugar Sugar Works Limited returned to profitability in the financial year ended March 31, 2026, reversing a loss from the previous year, as improved margins in its sugar and co-generation segments more than offset a decline in sugar sales volumes and a drop in potable alcohol revenue.

According to the company’s audited standalone financial results filed with the stock exchanges on May 12, 2026, revenue from operations rose to Rs 1,515 crore in FY26 from Rs 1,407 crore in FY25. The company posted a profit after tax of Rs 13.61 crore for the full year, compared with a loss of Rs 16.25 crore in FY25, marking a significant turnaround in financial performance. Earnings per share for the year stood at Rs 1.21 against a loss per share of Rs 1.44 in the previous year.

Profit before tax for FY26 came in at Rs 16.74 crore, against a pre-tax loss of Rs 22.11 crore in FY25.

The sugar segment, while reporting lower revenue of Rs 824 crore in FY26 compared with Rs 995 crore in FY25, delivered a sharply higher segment profit of Rs 80.37 crore before interest and tax, up from Rs 24.32 crore in the previous year. The co-generation segment also turned in a notably stronger performance, with segment profit rising to Rs 24.71 crore from Rs 4.40 crore in FY25, on revenue of Rs 193 crore against Rs 155 crore a year earlier.

Industrial alcohol was the other key contributor to revenue, with segment income growing to Rs 789 crore in FY26 from Rs 664 crore in FY25, though segment profit from the division declined to Rs 20.27 crore from Rs 47.63 crore. The potable alcohol segment continued to report a loss, though the deficit narrowed to Rs 3.25 crore from Rs 4.93 crore in the previous year.

For the fourth quarter ended March 31, 2026, revenue from operations stood at Rs 397 crore against Rs 524 crore in Q4 FY25. Profit after tax for the quarter came in at Rs 45.76 crore, compared with Rs 51.08 crore in the corresponding period of the previous year.

The crushing season 2025-26 commenced at the company’s Ugar unit in Belagavi district on November 10, 2025, and concluded on March 10, 2026. The Jewargi unit in Kalburgi district began crushing on November 13, 2025, and concluded on March 13, 2026.